CHAPTER 4
GROSS INCOME: CONCEPTS AND INCLUSIONS
SOLUTIONS TO ASSIGNED PROBLEMS
7. a. The income should be reported in 2009. In 2008, Jared has not received anything of
value.
b. The significance of when the income is recognized by Jared relates to (1) the
Continuous Probability Distributions
Chapter 7
The Uniform Distribution
The uniform probability distribution is perhaps the simplest distribution for a
continuous random variable.
This distribution is rectangular in shape and is defined by minimum and max
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Sampling Methods and the Central Limit Theorem
Chapter 8
Why Sample the Population?
1. To contact the whole population would be time consuming.
2. The cost of studying all the items in a population may be prohibitive.
3. The physical impossibility of c
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Describing Data: Numerical Measures
Chapter 03
Parameter vs. Statistics
Central Tendency Measures of Location
The purpose of a measure of location is to pinpoint the center of a distribution of data.
There are many measures of location. We will consider f
Discrete Probability Distributions
Chapter 6
What is a Probability Distribution?
Characteristics of a Probability Distribution
Probability Distribution of Number of Heads Observed in 3 Tosses of a Coin
Random Variables
Types of Random Variables
Discrete R
Describing Data: Displaying and Exploring Data
Chapter 04
Dot Plots
A dot plot groups the data as little as possible and the identity of an individual
observation is not lost.
To develop a dot plot, each observation is simply displayed as a dot along
Describing Data: Frequency Tables, Frequency Distributions, and Graphic Presentation
Chapter 02
Describing Data with Charts, Tables and Graphs - Example
The Applewood Auto Group (AAG) sells a wide range of vehicles through its four
dealerships. Ms. Kathry
What Is Statistics
Chapter 01
Statistics is required for many college programs. Why?
1. Numerical information is everywhere.
2. Statistical techniques are used to make decisions that affect our daily lives.
3. Knowledge of statistical methods will help
A Survey of Probability Concepts
Chapter 5
Learning Objectives
Probability
Experiment, Outcome and Event
An experiment is a process that leads to the occurrence of one and only one of several
possible observations.
An outcome is the particular resu
Estimation and Confidence Intervals
Chapter 9
Point Estimates
A point estimate is a single value (point) derived from a sample and used to estimate a
population value.
Confidence Interval Estimates
A confidence interval estimate is a range of values const
One Sample Tests of Hypothesis
Chapter 10
Hypothesis and Hypothesis Testing
Null and Alternate Hypothesis
Important Things to Remember about H0 and H1
H0: null hypothesis and H1: alternate hypothesis
H0 and H1 are mutually exclusive and collectively exhau
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